Goldman Sachs BDC (GSBD) Company Report

For Q3 2025, GSBD reported net investment income per share of $0.40 and earnings per share of $0.22. Net asset value (NAV) per share decreased 2.1% to $12.75 as of September 30, 2025.
The company engaged in significant investment activity during Q3 2025, with new investment commitments of $470.6 million and $266.9 million funded. Sales and repayments amounted to $374.4 million, resulting in net funded investment activity of $(59.8) million.
GSBD's investment portfolio was 98.2% senior secured debt, with 96.7% in first lien investments. Investments on non-accrual status represented 1.5% of the total investment portfolio at fair value as of September 30, 2025.
The Board of Directors declared a Q4 2025 Base Dividend of $0.32 per share and a Q3 2025 Supplemental Dividend of $0.04 per share. Additionally, the company repurchased 2,136,943 shares for $25.1 million during the quarter ended September 30, 2025.
The company's ending net debt-to-equity ratio was 1.17x as of September 30, 2025, an increase from 1.12x as of June 30, 2025.

Nov 7, 2025, 2:00 PM

Goldman Sachs BDC Reports Q3 2025 Financial Results and Increased Investment Activity

GSBD

Earnings

Dividends

M&A

Goldman Sachs BDC (GSBD) reported net investment income per share of $0.40 and a net asset value per share of $12.75 for Q3 2025. The board declared a Q3 2025 supplemental dividend of $0.04 per share and a Q4 base dividend of $0.32 per share.
The company's net debt-to-equity ratio was 1.17 times as of September 30, 2025, remaining below its target leverage of 1.25 times. Total investments at fair value and unfunded commitments reached $3.8 billion.
GSBD made new investment commitments of $470.6 million in Q3 2025, the highest level since Q4 2021, with 100% of originations in first-lien loans. Repayments during the quarter totaled $374.4 million.
M&A dollar volumes in Q3 2025 were 40.9% higher year over year compared to Q3 2024, a trend GSBD anticipates will continue into 2026. The company also repurchased 2.1 million shares for $25.1 million, which was NAV accretive.

Nov 7, 2025, 2:00 PM

Goldman Sachs BDC Reports Q3 2025 Results with Increased Investment Activity

GSBD

Earnings

Dividends

Share Buyback

Goldman Sachs BDC (GSBD) reported net investment income of $0.40 per share and a net asset value of $12.75 per share for the third quarter of 2025.
The company experienced a significant increase in investment activity, with new commitments of $470.6 million and repayments of $374.4 million during Q3 2025, marking the highest commitment level since Q4 2021.
GSBD's net debt-to-equity ratio stood at 1.17 as of September 30, 2025, and it issued $400 million of unsecured notes with a 5.65% coupon.
The board declared a Q3 2025 supplemental dividend of $0.04 per share and a Q4 base dividend of $0.32 per share, while also repurchasing 2.1 million shares for $25.1 million.
Non-accrual investments decreased to 1.5% of fair value from 1.6% in the prior quarter, and the weighted average yield on debt investments was 10.3%.

Nov 7, 2025, 2:00 PM

GSBD Reports Q3 2025 Results, Strong Investment Commitments, and Declares Dividends

GSBD

Earnings

Dividends

New Projects/Investments

Goldman Sachs BDC, Inc. reported net investment income per share of $0.40 and a net asset value per share of $12.75 for the third quarter of 2025.
The company declared a Q3 2025 supplemental dividend of $0.04 per share payable around December 15, 2025, and a Q4 base dividend of $0.32 per share to shareholders of record as of December 31, 2025, noting that the Q3 supplemental dividend is the last of three special dividends announced earlier in the year.
New investment commitments reached approximately $470.6 million in Q3 2025, the highest level since Q4 2021, with 100% of originations in first-lien loans.
The net debt-to-equity ratio was 1.17x as of September 30, 2025, remaining below the target leverage of 1.25x, and total investments at fair value were $3.2 billion, with 98.2% in senior secured loans.
The M&A market saw 40.9% higher year-over-year dollar volumes in Q3 2025, which management believes is the start of a longer-term trend.

Nov 7, 2025, 2:00 PM

Goldman Sachs BDC, Inc. Reports Q3 2025 Financial Results and Declares Dividends

GSBD

Earnings

Dividends

Share Buyback

For the third quarter ended September 30, 2025, Goldman Sachs BDC, Inc. reported net investment income and adjusted net investment income per share of $0.40, and earnings per share of $0.22.
Net asset value (NAV) per share as of September 30, 2025, decreased 2.1% to $12.75 from $13.02 as of June 30, 2025.
The Board of Directors declared a fourth quarter 2025 Base Dividend of $0.32 per share and a third quarter 2025 Supplemental Dividend of $0.04 per share.
As of September 30, 2025, the company's total investments at fair value were $3,833.2 million, with 98.2% comprised of senior secured debt.
During the third quarter of 2025, the company repurchased 2,136,943 shares for $25.1 million under its 10b5-1 stock repurchase plan.

Nov 6, 2025, 10:21 PM

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